PHVNTOM_TRADER

Real Price Line + Dots (for Heikin Ashi)

Real Price Line + Dots (for Heikin Ashi)

This indicator is designed for use on Heikin Ashi charts. Its purpose is to enable traders to benefit from price averaging and smoothing effects of Heikin Ashi candles whilst also enabling them to see the current real price line, and optionally, real price close dots on the Heikin Ashi candlesticks.


Features include:

- Optional real price line
- Optional real price close dots
- Customisable colours
- Customisable line style
- Customisable line width


What are Heikin Ashi candles?

Heikin Ashi means 'average bar' in Japanese, Heikin Ashi charts do not show real price as standard, due to the way the Open, High, Low and Close values are calculated using averages, This is done in order to create a smoother appearance and reduce the market 'noise'.

You can read more about Heikin Ashi candlesticks here.


NOTE:

- If real price dots appear behind the candles, you may need to select the triple dot menu on the indicator then select "Visual order" > "Bring to front" , so that the dots are shown above the candles.
- When using this indicator on a Heikin Ashi chart, the standard Tradingview price line will not show accurate real price. Therefore when using the price line in this indicator, the standard price line should be disabled within the Tradingview 'Chart settings' dialog > 'Symbol' tab > uncheck 'Last', under the 'Price line' section.
Release Notes:
- Updated default colours.
- Tidied up code.
Release Notes:
- Updated default colours from aqua blue to a more vibrant green.
Release Notes:
- Added size options for real close price dots.
- Updated chart image.
Release Notes:
- Updated chart image.
Release Notes:
- Wording of the settings/options made consistent.
Release Notes:
- Added option for extend line. Enabled by default

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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